I couldn't tell you the reason he was evasive about Ethereum's status in that line of questioning. But highlighting edge cases where there is room for debate wh

I couldn't tell you the reason he was evasive about Ethereum's status in that line of questioning. But highlighting edge cases where there is room for debate while ignoring blatant examples actually at issue feels like motivated reasoning. Pointing to an example where Gensler was personally unwilling to make an assessment about a fact-specific question does not invalidate the reams of guidance that _do_ exist, and the law itself. The SEC is not your lawyer, your lawyer is. Coinbase is not being sued for being an Ethereum exchange, they're being sued for - operating an exchange, broker, and clearing agency for specific tokens that easily fail Howey (which their internal rating framework unambiguously found to be securities) - offering and selling their own securities via their Staking program